Grayson
From $314,990 | 3-5 Beds | 2 Baths | 1,615 - 2,802 SqFt
Grayson
7311 Waylon Way, Indianapolis, IN, 46239
From $314,990 This is the starting price for available plans and quick move-ins within this community and is subject to change.
Monthly HOA fees: $64 HOA stands for Homeowners Association. These fees help maintain and manage shared community amenities and services.

M/I Homes
- 3-5 Beds
- 2 Baths
- 2-2.5 Car garage
- 1,615 - 2,802 Sq Ft
- 9 Quick move-ins
- 8 Floor plans
Special offers
Explore the latest promotions at Grayson. to learn more!
Game Time: Ready. Set. Move.
It's time to huddle up and take a second look at those new homes on your roster. Our seasonal offers allow you to move into your new home before the end of the year, just in time for the holiday season. This offer runs through 10/11/2026.
Good Friends Make Great Neighbors
Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase. This offer runs through 11/30/2026.
Community highlights
Community amenities
Park
Playground
Trails
About Grayson
Grayson in Franklin Township offers new single-family homes on the southeast side of Indianapolis, blending suburban comfort with quick access to major city attractions. Set near local parks, dining, and everyday conveniences, the community provides an easygoing lifestyle just 20 minutes from Downtown Indy.The Essential Series features a selection of two-story floorplans with open main-level living, spacious kitchens, and plenty of natural light. A new phase of homesites includes peaceful water views, adding to the neighborhood’s inviting setting.Residents can enjoy nearby recreation such as the 99-acre Franklin Township Community Park, along with popular local restaurants and family-friendly destinations. Located within Franklin Township, Grayson offers a connected, relaxed place to call ...
Upcoming events
October
10
Final Whistle Weekend | 11:00AM-06:00PM
Time is running out to move by the end of the year! Have a roster of homes you've been eyeing? Now is your chance to visit any of our communities to tour move-in ready homes that are eligible for end-of-year savings. Take adv...
Location: 7311 Waylon Way Indianapolis, IN 46239
October
24
Pumpkins and Pours at Village at Trail Crossing | 12:00PM-04:00PM
Fall fun is brewing at Village at Trail Crossing! Join us for Pumpkins and Pours at the model home! Pick out a pumpkin, participate in festive decorating, and enjoy some fall snacks and beverages. ?? Enjoy hot cider, hot c...
Location: 7311 Waylon Way Indianapolis, IN 46239
Available homes
Filters
Floor plans (8)
Quick move-ins (10)
Community map for Grayson
Discover the homesites within Grayson and see what homes you can build on each site.
Neighborhood
Community location & sales center
7311 Waylon Way Indianapolis, IN 46239
7311 Waylon Way Indianapolis, IN 46239
640-675-4133
317-***-****
From the North: Take I-465 S / I-69 to Old U.S. 421 W in Indianapolis Take Exit 49 from I-465 S / I-69 Take Southeastern Ave, then turn right onto E Hanna Ave Grayson will be on your right
Amenities
Community & neighborhood
Local points of interest
- The Links Golf Club
- Milk and Honey Coffeehouse
- Greatimes Family Fun Park
- Smock Golf Course
- Franklin Township Community Park
- Downtown Wanamaker
- Franciscan St Francis Health
- Dakota Landing Golf Course
- Greenwood Park Mall
- Wolf Run Park
- Hanna Haunted Acres
- Wildwood Park
Health and fitness
- Trails
Community services & perks
- Playground
- Park
Schools near Grayson
Franklin Township Community School Corporation
Public High School
Franklin Central High School
Grades 9 to 12
317-862-6646
6215 S Franklin Rd, Indianapolis, IN, 46259
Class ratio
1:21
Enrollment
3319
GreatSchools ratings are provided by GreatSchools.org and are for reference only. Ratings may not be available for all schools. Please verify school assignments and details with the local school district.
Builder details
M/I Homes

M/I Homes has been building new homes of outstanding quality and superior design for more than 50 years. Founded in 1976 by Irving and Melvin Schottenstein, and guided by Irving’s drive to always “treat the customer right,” we’ve fulfilled the dreams of more than 170,000 homeowners, and grown to become one of the nation’s leading homebuilders.
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